The resolution approves an economic development agreement for Project Blue Sky to relocate its international headquarters to Downtown Jacksonville. The project will receive a $2.3 million Recapture Enhanced Value (REV) grant, a $1.2 million Local Training Grant, and a $750,000 Targeted Industry Employment Grant. The company commits to a $20 million investment in construction and the creation of 150 high-wage jobs averaging $118,000 annually. The agreement ensures local job retention and economic revitalization within the Southside Community Redevelopment Area.
This agreement enhances Jacksonville's economic landscape by securing a major corporate headquarters, creating high-paying jobs, and encouraging further investment in Downtown Jacksonville.